Stock Market Weekly update -Oct 29th

 The SPX saw a big drop for a 2nd week (now further below the 200MA), falling back to the Feb highs, a potential support level! The Small-caps are at a much lower level, now all the way back to the Oct 2022 lows! The VIX was up for a 6th week.

What to Expect in the Markets Next Week - another big earnings week -AAPL etc. Also the Fed & the  Monthly Jobs report
The Dollar -was up a bit.  However the 10Yr Interest rate moved up to 5%, then pulled back.
Gold rallied for a 3rd week, Oil was down a bit.
Bitcoin/Crypto saw a huge rally to over 35000!

Pops & Drops/5 day movers:  DECK popped to ATH! GOOGL dropped after earnings, as did ALGN CVX F UPS
Percent of Stocks Above 50-Day Average ...dropped to 16%
New all time Highs:  DECK    
-All time LOWS:   PTON, SPCE   



S&P 500 - big pull  back last week -another big earnings week ahead!
* In a downtrend since the July top *


DOW -leading up

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed


Market concerns:   Inflation? Interest rates! Mid-East conflict
Now over $33 Trillion in debt!  See Debt Clock below, or here... 


Options watch:   
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM, VIX

Stocks AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA...

Next week:      
MTueWThuF
Earnings:MCD, SOFIAMD, CAT, AMGN, PFE, BPCVS,, HUM, ROKU, QCOM, SMCI, ALBAAPL, COIN, COP, LLY, PLTR, SBUX, SHOP, CBOE
Events:

FEDJOBS
This week's charts: 

 2023 1st Half returns -Indexes



10/22: Back to year 2000!





GOLD shooting for the highs once more -3rd week up...



Once high fliers... PTON, SPCE



Links...

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